- Morning Watchlist
- Posts
- Markets Focus on FOMC Meeting Wednesday
Markets Focus on FOMC Meeting Wednesday

U.S. stock futures are slightly higher in premarket trading after the major indices rose last week to kick off December.
The benchmark S&P 500 (SPX) added 0.3% last week, bringing the broad index about 0.7% off its all-time intraday high. Stocks received some support on Friday after the delayed release of September’s core personal consumption expenditures price index came in softer than economists anticipated.
With no economic data due today, investor focus will be on the Fed announcement on Wednesday along with earnings this week from Toll Brothers (TOL), Adobe (ADBE), Oracle (ORCL) and Broadcom (AVGO).
Morning Movers
Snapshot (as of 6:30 AM ET)
Oil (/CL) – Oil prices are down about 1% near $59.50 a barrel as investors monitored ongoing talks to end the war in Ukraine ahead of an expected U.S. Federal Reserve interest rate cut this week.
Gold (/GC) – Gold prices are flat near $4240, driven by growing expectations of a U.S. interest rate cut that pressured the dollar, ahead of a Federal Reserve policy meeting this week.
Bitcoin (/BTC) – The Crypto Future is up 3% near 92,200 in premarket trading.
VIX – The CBOE Volatility Index fell 2.3% on Friday and settled at 15.41 as stocks rose. It was the lowest close for the VIX since September 12th.
U.S. Dollar (/DX) – The dollar is flat just below 99.
Biggest Premarket Movers (as of 6:30 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
ALB | Albemarle | +2.86% |
NEE | NextEra Energy | +2.67% |
MU | Micron | +2.64% |
AVGO | Broadcom | +2.37% |
COIN | Coinbase | +2.06% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
TSLA | Tesla | -1.29% |
MRNA | Moderna | -1.16% |
LEN | Lennar | -1.10% |
OXY | Occidental Petroleum | -0.99% |
WBD | Warner Bros. Discovery | -0.61% |
Economic Data
Time | Event |
|---|---|
11:30 AM ET | 3-Month Bill Auction 6-Month Bill Auction |
1:00 PM ET | 3-Year Note Auction |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
None | CMP, TOL | ASO, AZO, CAL, CPB, CNM, DBI, GIII, KFY, LE, OLLI, SAIL | AVAV, AOUT, BRZE, CASY, CBRL, PLAY, GME |
Upgrades/Downgrades
HSBC upgrades MasterCard (MA) & Visa (V) to Buy from Hold
Morgan Stanley upgrades General Motors (GM) to Overweight from Equal Weight
Seaport Research upgrades Oklo (OKLO) to Buy from Neutral
Morgan Stanley downgrades Tesla (TSLA) to Equal Weight from Overweight
Rosenblatt downgrades Netflix (NFLX) to Neutral from Buy
Pivotal Research downgrades Netflix (NFLX) to Hold from Buy
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.
